NASCLA PSI EXAM PRACTICE WITH 100%
CORRECT ANSWERS 2024
FOB freight prepaid requires __________ to pay for shipping charges
Seller 14-12
Which of the following is not a member of the supervisory team?
Project manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a
simplified method.
Calendar 9-3
When working in dwelling that was built prior to 1978, the employer is to provide each occupant with
a pamphlet title _________?
Protect your family from lead in your home 12-14
You have ___________ days from the completion of a commercial structure or commercial
construction project to file a lien claim form.
90 16-2
A lump sum contract on a project has a total contact price of $260,000. Retainage has been held back
at 10%. The contractor has received progress payments for 75% of the project. The contractor submit a
request for final payment should be for?
More than $80,000 $260,000 * .35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship?
Business expenses and personal income are not separated. 2-1
What is the quick ratio or or acid test ratio for a company that has current assets of $28,000, inventory
of $4000, and current liabilities of $6000?
4/1 14-7
An EAP is required to be in writing for______employees or more.
11 12-3
Who pays into FUTA?
Employer 15-5
What is the purpose of just in time deliveries?
Profit high and vandalism low. 9-9
, Ethics has to do with all but which of the following?
Lying to the customer. 5-2
Which of the following is not a reward for owning a enterprise?
Managing cash flow 1-1
Which of the following is not covered under the ADA?
Paper cut. 11-7
A job estimated to cost $1 million. However, two companies have a Of $500,000. They can legally do
this job if they___?
Joint venture. 2-6
The standard make up in the construction industry is?
15%. 7-7
Which is not an advantage of a partnership?
Multiple decision makers. 2-2
___Prohibits firing due to taking of property.
Wage Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is?
75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or leased in New Jersey.
6 15-8
Delegating provides for all but the following?
I can do it all 5-1,5-2
The most important aspect of a contract is___?
Understanding. 8-2
A____________ is used when and owner of contracts with one company to complete the construction
process from the start to finish and purchase land. How do you
Turnkey. 8-6
If the contact is ambiguous , the interpretation will go against who?
The party who wrote the contact 8-10
Who determines progress/final payment?
CORRECT ANSWERS 2024
FOB freight prepaid requires __________ to pay for shipping charges
Seller 14-12
Which of the following is not a member of the supervisory team?
Project manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a
simplified method.
Calendar 9-3
When working in dwelling that was built prior to 1978, the employer is to provide each occupant with
a pamphlet title _________?
Protect your family from lead in your home 12-14
You have ___________ days from the completion of a commercial structure or commercial
construction project to file a lien claim form.
90 16-2
A lump sum contract on a project has a total contact price of $260,000. Retainage has been held back
at 10%. The contractor has received progress payments for 75% of the project. The contractor submit a
request for final payment should be for?
More than $80,000 $260,000 * .35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship?
Business expenses and personal income are not separated. 2-1
What is the quick ratio or or acid test ratio for a company that has current assets of $28,000, inventory
of $4000, and current liabilities of $6000?
4/1 14-7
An EAP is required to be in writing for______employees or more.
11 12-3
Who pays into FUTA?
Employer 15-5
What is the purpose of just in time deliveries?
Profit high and vandalism low. 9-9
, Ethics has to do with all but which of the following?
Lying to the customer. 5-2
Which of the following is not a reward for owning a enterprise?
Managing cash flow 1-1
Which of the following is not covered under the ADA?
Paper cut. 11-7
A job estimated to cost $1 million. However, two companies have a Of $500,000. They can legally do
this job if they___?
Joint venture. 2-6
The standard make up in the construction industry is?
15%. 7-7
Which is not an advantage of a partnership?
Multiple decision makers. 2-2
___Prohibits firing due to taking of property.
Wage Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is?
75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or leased in New Jersey.
6 15-8
Delegating provides for all but the following?
I can do it all 5-1,5-2
The most important aspect of a contract is___?
Understanding. 8-2
A____________ is used when and owner of contracts with one company to complete the construction
process from the start to finish and purchase land. How do you
Turnkey. 8-6
If the contact is ambiguous , the interpretation will go against who?
The party who wrote the contact 8-10
Who determines progress/final payment?
